Na­tional’s re­sults helped by lower bad debt pro­vi­sions

Kathimerini English - - Focus -

Greece’s se­cond largest lender by as­sets Na­tional Bank was prof­itable for a se­cond straight quar­ter in Oc­to­ber-De­cem­ber, helped by lower bad debt pro­vi­sions. NBG, 40 per­cent owned by the coun­try’s bank res­cue fund HFSF, yes­ter­day re­ported a net profit of 73 mil­lion eu­ros, ex­clud­ing as­sets held for sale and dis­con­tin­ued op­er­a­tions, ver­sus net earn­ings of 6 mil­lion eu­ros in Q3. For 2016 as a whole, the bank posted a net profit of 53 mil­lion eu­ros af­ter a loss of 2.49 bil­lion in 2015. Non­per­form­ing credit eased to 32.9 per­cent of its loan book in Q4 from 34.3 per-

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